Terms and Conditions of Access to this section of the website

Important Information

Before accessing and using this website ("Website"), please read the following terms and conditions ("Terms and Conditions") carefully. The Terms and Conditions may be modified and/or updated from time to time and should therefore be read in full every time you log in to the Website. The Terms and Conditions govern your access to, and use of, the Website. If you agree to the Terms and Conditions, click "I agree to the Terms and Conditions" at the end of this page and enter your email address in the box to enter the Website. If you do not click "I agree to the Terms and Conditions" and enter your e-mail address, you will not be able to access the Website.

Access and Use of the Website

The materials and information on the Website ("Materials") have been placed on the Website in fulfilment of the terms of certain finance documents which govern the obligations of Superstrada Pedemontana Veneta S.p.A. (the "Company") to its bondholders and other financial creditors. It is directed to, and intended for, existing investors in the Company. No other persons should act or rely on it. The Company makes no representation as to the accuracy of forecast information (or any other information in any reports, other than as set out in the relevant finance documents). As described further below, these forecasts involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There are a number of factors that could cause actual results or developments to differ materially from those expressed or implied by these forecasts. The Materials do not, under any circumstances or in any jurisdiction, constitute or form part of, and shall not be construed as:

a public offer of securities or other financial instruments under any applicable legislation;

an offer of or invitation to subscribe for, underwrite or purchase securities in any jurisdictions in which such offer is or may be prohibited, restricted or subject to any requirement for filing, authorisation, licence or consent; or

any advice or recommendation with respect to any securities or other financial instruments.

The distribution and/or use of the Materials may be restricted by local law or regulations in certain jurisdictions. The Materials are not intended for distribution to, and/or for use by, any person or entity in any jurisdiction where such distribution and/or use would be contrary to local law or regulation. Persons accessing the Website are required to inform themselves about and observe such restrictions and by accessing the Website you represent that you are a person into whose possession the Materials can be lawfully delivered in accordance with the laws of the jurisdiction which apply to you and in which you are located.

In particular, you represent that you are either (a) both a Qualified Institutional Buyer ("QIB") within the meaning of Rule 144A under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and a Qualified Purchasers ("QP") within the meaning of the U.S. Investment Company Act of 1940, as amended, or (b) not a U.S. person (within the meaning of Regulation S under the Securities Act) or acting for the account or benefit of a U.S. person.

The materials herein are not an offer of securities for sale in the United States. The securities or other financial instruments referred to on the Website have not been, and will not be, registered under the Securities Act or under the securities laws of any state or other jurisdiction of the United States and have not been offered, directly or indirectly, and may not be offered or sold, directly or indirectly, in or into the United States, its territories or possessions or in the District of Columbia or to, or for the account or benefit of, any U.S. person (as defined in Regulation S under the Securities Act) absent registration except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in accordance with any applicable securities laws of any state or other jurisdiction of the United States. The Company has not been and will not be registered under the US Investment Company Act of 1940, as amended. Accordingly, none of the Materials or any information relating to such securities or other financial instruments is directed at any person or entity within the United States or at any U.S. person and must not be accessed, stored, disclosed and or saved (either temporarily or permanently) if you are located in or you are a resident of the United States and no such Materials or information should be released, published or distributed directly or indirectly in or into the United States.

You further represent that you are a "Qualified Investor" as defined in Article 100 of Legislative Decree No. 58 of 24 February 1998, as amended (the "Italian Securities Act") or an entity controlled by such a Qualified Investor pursuant to Article 2359 of the Italian Civil Code.

The Materials are intended to be distributed only to, and are directed only at:

persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Financial Promotion Order") or to high net worth entities falling within article 49(2)(a) to (d) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005; and

any other persons to whom the Materials may be lawfully communicated.

The Materials must not be acted on or relied on by, nor are the securities or other financial instruments referred to on the Website available to, any other persons.

Where the Materials have been made available to you, this has been done on the basis that you are a person into whose possession such Materials may be lawfully delivered in accordance with the laws of the jurisdiction in which you are located and you may not, nor are you authorised to, deliver the Materials, electronically or otherwise, to any other person.

No Representations or Advice

Whilst the Company has taken all reasonable steps to ensure that the Materials are accurate as of the relevant date stated, none of the Company, any of its affiliates or their respective directors, officers, employees or agents (or any related person or entity) makes any representation or warranty with respect to the Materials. Neither the Company nor any other person has any obligation, or has assumed any responsibility, to update any of the Materials or any other information for facts or events arising after the date that such Materials or other information is published. Any person accessing the Website should therefore be aware that the Materials may be out of date.

None of the Materials are, or purport to be, investment, tax or other advice or are intended to provide the basis of any credit or other evaluation, nor are forecasts contained therein intended to be a statement that the structuring of transactions expected in the Materials could be profitable or suitable for the recipient of the any such Materials, nor should any such Materials be considered a recommendation by the Company or any of its affiliates or their respective directors, officers, employees or agents (or any related person or entity) to purchase or sell any securities or other financial instruments. None of the Company, any of its affiliates, agents or representatives, makes any representation regarding the possible legal, regulatory, accounting or tax consequences of an investment in the securities or other financial instruments referred to on the Website. The Company does not act as an adviser to, nor owes any fiduciary duty to, any person accessing the Website. Any person accessing the Website should make its own independent evaluation of the transactions described, the risks involved, and the relevance and adequacy of the Materials and should make such other investigations as it deems necessary. Investors should also consult their own legal, tax and other advisers in order to make any investment decision. The Materials are not tailored for any particular investor and do not constitute individual investment, tax or other advice. Any person accessing the Materials should also be aware that such Materials may contain additional disclaimers or limitations on liability.

No On-selling or Other Use

Except to the extent expressly set out in the relevant prospectus, contract, report or other document, no person or entity may use or rely on the Materials for any purpose whatsoever, including, in particular, the making of any offer to sell, or any solicitation of an offer to buy, any securities or other financial instruments referred to on the Website.

None of the Company, any person who controls it, any affiliate, director, officer, employee or agent of it or affiliate of such person accepts any liability arising out of or in connection with the use of the Materials.

Forward-Looking Statements

The Website may contain statements that constitute forward-looking. These forward-looking statements can be identified by the use of forward-looking terminology, such as the words "expects", "projects", "plans", "believes", "intends", "anticipates", "estimates", "stabilised", "underwritten", "vision", "may", "could", "pro forma", "budget", "financial model" and analogous. Any such statements are inherently subject to a variety of risks and uncertainties that could cause actual results to differ materially from those projected and the actual outcome to differ materially from that expected. Such risks and uncertainties include, amongst others, general economic and business conditions, competition, changes in political, social and economic conditions, regulatory initiatives and compliance with governmental regulations, and various other events, conditions and circumstances (including acts of god, war and terrorism). No assurance is given by the Company in relation to any such statements. The Company expressly disclaim any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein to reflect any change in expectations or any change in events, conditions or circumstances on which any such statement is based.

Electronic Form

The Materials have been made available to you in electronic form and none of the Company, any of its affiliates or their respective directors, officers, employees or agents (or any related person or entity) warrants that such access, or use of the Website generally, will be uninterrupted or free of error. You are reminded that documents transmitted electronically may be altered or changed during the process of transmission and consequently none of the Company, any of its affiliates or their respective directors, officers, employees or agents (or any related person or entity) accepts any liability or responsibility whatsoever in respect of any difference between the Materials made available to you in electronic form and the hard copy equivalent. The Company does not accept responsibility for any loss or damage resulting from any errors or omissions appearing on this site and any visitor using information contained on this Website does so entirely at their own risk.

Your Agreement

By clicking, when requested, "I agree to the Terms and Conditions" below, you are certifying that you have read and understood, and that you agree to be bound by, the Terms and Conditions and that you provide the representations set forth therein. If you are not permitted to access and/or use the Materials or are in any doubt as to whether you are permitted to access and/or use the Materials, please exit this website.

These Terms and Conditions are governed by, and shall be construed in accordance with, English law.